Using equity to meet down paymentI have the opportunity to buy the condo I am renting, from my parents, at a price well below the appraisal. Can I use this "equity" to meet the down payment ? I'd like to get an 80-20 mortgage.March 23 2014 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.